"15 March 2023" Archive

Transportation of goods without a valid e-way bill mandatorily attracts penalty

Pushpa Devi Jain Vs Assistant Commissioner of Revenue, Bureau of Investigation, North Bengal Headquarters & Ors. (Calcutta High Court)

Calcutta High Court held that penalty under section 129 of the West Bengal Goods and Services Tax Act, 2017 duly imposed for transportation of goods without a valid e-way bill....

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Tariff Notification No. 14/2023-Customs (N.T.) Dated: 15.03.2023

Notification No. 14/2023-Customs (N.T.), [S.O. 1237(E).] 15/03/2023

Tariff Notification No. 14/2023-Customs (N.T.) Dated: 15.03.2023– Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi Notification No. 14/2023-Customs (N.T.) Dated: 15th March, 2023 S.O. 1237(E).—In exercis...

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Rejection of input service credit distributed by ISD on pretext that invoice doesn’t contain all particulars unjustified

Pricol Ltd Vs Commissioner of Cemtral Excise (CESTAT Chennai)

CESTAT Chennai held that input service credit when distributed by the Input Services Distributor (ISD), cannot be held as inadmissible on the pretext that such invoices did not contain all the particulars as required in terms of Rule 4A of CCR 2004....

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Subsequent revisional order tends to be invalid as original re-assessment order passed invalidly

Principal Commissioner of Income Tax Vs Badal Prakash Jinda (Orissa High Court)

Orissa High Court held that when original re-assessment order was not passed validly, subsequent revisional order passed by PCIT is held to be invalid....

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U.P. Trade Tax: Penalty proceedings initiated u/s 8(D)(6) untenable once tax liability was created on contractor

Bundelkhand University Vs Commissioner Commercial Tax (Allahabad High Court)

Allahabad High Court held that penalty proceedings initiated against a Government Institution for non-deduction of tax under section 8(D) of U.P. Trade Tax Act from amount payable to works contractor unsustainable as once the said contractor was assessed to tax creating tax liability on payment received from the Government Institution....

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All about E- Form AOC-5 & amendment w.e.f. 23-01-2023

All about E- Form AOC-5 (Section 128 under the Companies Act, 2013) including amendment to the E- Form w.e.f. 23-01-2023 > Why this E- Form? One of the key requirements for incorporating a company is to have a registered office as the company’s proof of address. It is common for startups to initially register their […]...

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Cookies- Balancing User Experience with Compliance in the Era of Data Privacy

When a user visits a website, data files known as cookies are stored on their device. Small text files of code known as cookies are downloaded into user’s computers and mobile devices when they access certain websites and apps. For instance, a website may store the user’s credit card information that is entered by them. […]...

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In absence of any remedy, as GST tribunal not constituted, matter of GST registration cancellation remanded for fresh decision

Joy lnnovation Vs Additional Commissioner (Telangana High Court)

Telangana High Court in the case of suo motu cancellation of GST registration due to non-filing of GST returns, remanded the matter for fresh decision as due to non-constitution of GST tribunal, petitioner is left without any remedy....

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Interest on instalments refunded under IDS 2016 not payable as it was not voluntary tax payment

Jay Prakash Singhania Vs Union of India (Jharkhand High Court)

Jharkhand High Court held that instalments paid under Income Declaration Scheme, 2016 is allowed as refund. However, interest on the same is not payable as there was no voluntary payment of tax on self-assessment....

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SEBI’s Transformation over the years

Securities and Exchange Board of India (SEBI) established as a non-statutory body for regulating the securities market. It became an autonomous body and accorded statutory powers with the passing of the SEBI Act 1992 by the Indian Parliament....

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April 2023